The iShares MSCI Europe Financial ETF (NASDAQ:EUFN) sees a big drop in short interest

The iShares MSCI Europe Financial ETF (NASDAQ: EUFN – GET RATING) was the target of a significant reduction in low interest during the month of July. As of July 15, a total of 3,010,000 shares had short interest, a decrease of 34.3% from a total of 4,580,000 shares as of June 30. Based on the average daily volume of 1,968,400 shares, the day-to-cover ratio is currently 1.5 days.

Institutional inflow and outflow

Institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC increased its position in the iShares MSCI Europe Financial ETF to 12.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 5,269 shares of $100,000 of the company’s stock after purchasing an additional 600 shares last quarter. Prudential Plc increased its holding in shares of the iShares MSCI Europe Financial ETF by 2.3% in the fourth quarter. After acquiring an additional 760 shares during the previous quarter, Prudential Plc now owns 34,510 shares of the company’s stock, valued at $692,000. Zions BanCorporation NA increased its holding in shares of the iShares MSCI Europe Financials ETF by 32.3% in the first quarter. After acquiring an additional 863 shares during the previous quarter, Zions BanCorporation NA now owns 3,533 shares of the company valued at $66,000. Orion Portfolio Solutions LLC increased its holding in shares of the iShares MSCI Europe Financial ETF by 8.4% in the fourth quarter. After acquiring an additional 1,185 shares during the previous quarter, Orion Portfolio Solutions LLC now owns 15,373 shares of the company’s stock valued at $308,000. Finally, Wealthsource Partners LLC increased its stake in shares of the iShares MSCI Europe Financials ETF by 5.9% in the fourth quarter. After acquiring an additional 1,250 shares during the previous quarter, Wealthsource Partners LLC now holds 22,310 shares of the company’s stock valued at $447,000.

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iShares MSCI Europe Financial ETF Price Performance

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Shares of the iShares MSCI Europe Financials ETF traded lower by $0.30 during trading hours on Friday, reaching $15.89. 1,880,742 shares of the company were exchanged, while its average volume was 2,516,541. The iShares MSCI Europe Financials ETF has a 1-year low of $14.36 and a 1-year high of $21.94. The 50-day moving average is trading at $16.24 and the 200-day moving average is $18.01.

iShares MSCI Europe Financial ETF Raises Dividend

The firm also recently disclosed a half-yearly dividend, which was paid on Wednesday, June 15. A dividend of $0.67 per share was issued to investors of record on Friday, June 10. The ex-dividend date was Thursday, June 9. This is a positive change from the iShares MSCI Europe Financials ETF’s previous semi-annual dividend of $0.41.

About the iShares MSCI Europe Financial ETF (Get Rating)

The iShares MSCI Europe Financials ETF, formerly the iShares MSCI Europe Financial Sector Index Fund (Fund), is an exchange-traded fund. The fund seeks investment results that are generally consistent with the price and yield performance of the MSCI Europe Financial Index (index). The index is a free-float-adjusted market capitalization weighted index designed to measure the combined equity market performance of the financial sector of developed market countries in Europe.

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